Take the annual percentage rate ( APR ) and divide by 100 then multiply to the amount of the average daily balance ( ADB ) divided by 365 and then take this total and multiply by the total number of days the amount revolved before payment was made on the account.
32.
Using existing long-term rates, someone with a $ 2, 500 average daily balance would pay $ 447.53 in annual interest using a no-fee Citibank card, $ 326.21 with the $ 18 Bank of Boston card and $ 303.75 with the Wachovia Bank of Georgia " Prime for Life " card, which carries an $ 88 annual fee.
33.
Using existing long-term rates, someone with a $ 2, 500 average daily balance would pay $ 447 . 53 in annual interest using a no-fee Citibank card, $ 326 . 21 with the $ 18 Bank of Boston card and $ 303 . 75 with the Wachovia Bank of Georgia " Prime for Life " card, which carries an $ 88 annual fee.
